Industry News
Acoustic Sounds buys Classic Records
Salina, July 26th, 2010
Chad Kassem's Acoustic Sounds has purchased Mike Hobson's
Classic Records. Acoustic Sounds bought all of Classic's
inventory earlier this year, so this news doesn't come as
a huge shock. Mike Hobson will continue in an advisory
role to Acoustic Sounds to ensure a smooth transition.
This looks like it's good news: "Hobson always pushed the envelope to improve Classic's products instead of just accepting the current standards. It is an honor to now own Classic, and I intend to continue to use the innovations that Classic pioneered and the high standards they established," said Kassem.
I just hope that the acquisition means that the supply of Classic Records' titles is assured, and that the prices will fall back to their pre-acquisition levels...
Here's a link to the full press release.
